Shares of Invacare Corp. (NYSE:IVC) gapped down prior to trading on Thursday . The stock had previously closed at $12.22, but opened at $12.26. Invacare Corp. shares last traded at $12.70, with a volume of 220,607 shares traded.

Separately, Zacks Investment Research downgraded Invacare Corp. from a “hold” rating to a “sell” rating in a research report on Friday, April 29th.

The stock has a 50 day moving average price of $12.37 and a 200-day moving average price of $12.52. The stock’s market capitalization is $404.24 million.

Invacare Corp. (NYSE:IVC) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.09. During the same quarter last year, the firm posted ($0.23) earnings per share. The business earned $275 million during the quarter, compared to analyst estimates of $270.10 million. The business’s quarterly revenue was down 3.9% on a year-over-year basis. On average, analysts predict that Invacare Corp. will post ($0.95) EPS for the current fiscal year.

In other news, SVP Dean J. Childers acquired 10,000 shares of the business’s stock in a transaction on Monday, May 16th. The shares were acquired at an average cost of $10.40 per share, with a total value of $104,000.00. Following the transaction, the senior vice president now owns 35,672 shares in the company, valued at approximately $370,988.80. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

An institutional investor recently raised its position in Invacare Corp. stock. Ancora Advisors LLC increased its position in Invacare Corp. (NYSE:IVC) by 1.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 72,542 shares of the company’s stock after buying an additional 742 shares during the period. Ancora Advisors LLC owned about 0.22% of Invacare Corp. worth $1,216,000 as of its most recent filing with the SEC.

Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific.

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